Q1. Consider the domestic airline industry in Australia. Briefly describe and define the market structure. Provide arguments and suggestive evidence in support of your claims. Your discussion could address topics such as market concentration, product characteristics, how price is determined, whether companies make profits, and entry/exit to this market. Discuss whether the market structure is likely to change over time (350 words recommended). (15 points)

Answer rating: 100% (QA)

Market Structure of Australias Domestic Airline Industry The domestic airline industry in Australia exhibits characteristics of a duopoly with some el... View the full answer